*** NOTE:  Specifications in Table 8 and Table 11a-11d include interaction terms of the ***
***        MSA dummy variables with the dummy variables for the loan features examined  ***
***        in the paper (prepay_pen, prepay_pen_end, balloon, and lownodoc).  This      ***
***        do-file performs tests of equality between each pair of interaction terms    ***
***        associated with each loan feature.  Coefficient estimates from both the      ***
***        default equation and the payoff equation from the models are tested.         ***



*** WALD TESTS ***
*** DEFAULT ***
*** MSA-PREPAY_PEN ***

test [default]pre_atl = [default]pre_bal
test [default]pre_atl = [default]pre_chi
test [default]pre_atl = [default]pre_mia
test [default]pre_atl = [default]pre_min
test [default]pre_atl = [default]pre_new
test [default]pre_atl = [default]pre_pho
test [default]pre_atl = [default]pre_pit
test [default]pre_atl = [default]pre_san



test [default]pre_bal = [default]pre_chi
test [default]pre_bal = [default]pre_mia
test [default]pre_bal = [default]pre_min
test [default]pre_bal = [default]pre_new
test [default]pre_bal = [default]pre_pho
test [default]pre_bal = [default]pre_pit
test [default]pre_bal = [default]pre_san



test [default]pre_chi = [default]pre_mia
test [default]pre_chi = [default]pre_min
test [default]pre_chi = [default]pre_new
test [default]pre_chi = [default]pre_pho
test [default]pre_chi = [default]pre_pit
test [default]pre_chi = [default]pre_san



test [default]pre_mia = [default]pre_min
test [default]pre_mia = [default]pre_new
test [default]pre_mia = [default]pre_pho
test [default]pre_mia = [default]pre_pit
test [default]pre_mia = [default]pre_san



test [default]pre_min = [default]pre_new
test [default]pre_min = [default]pre_pho
test [default]pre_min = [default]pre_pit
test [default]pre_min = [default]pre_san



test [default]pre_new = [default]pre_pho
test [default]pre_new = [default]pre_pit
test [default]pre_new = [default]pre_san



test [default]pre_pho = [default]pre_pit
test [default]pre_pho = [default]pre_san



test [default]pre_pit = [default]pre_san



*** WALD TESTS ***
*** DEFAULT ***
*** MSA-PREPAY_PEN_END ***

test [default]pre_end_atl = [default]pre_end_bal
test [default]pre_end_atl = [default]pre_end_chi
test [default]pre_end_atl = [default]pre_end_mia
test [default]pre_end_atl = [default]pre_end_min
test [default]pre_end_atl = [default]pre_end_new
test [default]pre_end_atl = [default]pre_end_pho
test [default]pre_end_atl = [default]pre_end_pit
test [default]pre_end_atl = [default]pre_end_san



test [default]pre_end_bal = [default]pre_end_chi
test [default]pre_end_bal = [default]pre_end_mia
test [default]pre_end_bal = [default]pre_end_min
test [default]pre_end_bal = [default]pre_end_new
test [default]pre_end_bal = [default]pre_end_pho
test [default]pre_end_bal = [default]pre_end_pit
test [default]pre_end_bal = [default]pre_end_san



test [default]pre_end_chi = [default]pre_end_mia
test [default]pre_end_chi = [default]pre_end_min
test [default]pre_end_chi = [default]pre_end_new
test [default]pre_end_chi = [default]pre_end_pho
test [default]pre_end_chi = [default]pre_end_pit
test [default]pre_end_chi = [default]pre_end_san



test [default]pre_end_mia = [default]pre_end_min
test [default]pre_end_mia = [default]pre_end_new
test [default]pre_end_mia = [default]pre_end_pho
test [default]pre_end_mia = [default]pre_end_pit
test [default]pre_end_mia = [default]pre_end_san



test [default]pre_end_min = [default]pre_end_new
test [default]pre_end_min = [default]pre_end_pho
test [default]pre_end_min = [default]pre_end_pit
test [default]pre_end_min = [default]pre_end_san



test [default]pre_end_new = [default]pre_end_pho
test [default]pre_end_new = [default]pre_end_pit
test [default]pre_end_new = [default]pre_end_san



test [default]pre_end_pho = [default]pre_end_pit
test [default]pre_end_pho = [default]pre_end_san



test [default]pre_end_pit = [default]pre_end_san



*** WALD TESTS ***
*** DEFAULT ***
*** MSA-BALLOON ***

test [default]bal_atl = [default]bal_bal
test [default]bal_atl = [default]bal_chi
test [default]bal_atl = [default]bal_mia
test [default]bal_atl = [default]bal_min
test [default]bal_atl = [default]bal_new
test [default]bal_atl = [default]bal_pho
test [default]bal_atl = [default]bal_pit
test [default]bal_atl = [default]bal_san



test [default]bal_bal = [default]bal_chi
test [default]bal_bal = [default]bal_mia
test [default]bal_bal = [default]bal_min
test [default]bal_bal = [default]bal_new
test [default]bal_bal = [default]bal_pho
test [default]bal_bal = [default]bal_pit
test [default]bal_bal = [default]bal_san



test [default]bal_chi = [default]bal_mia
test [default]bal_chi = [default]bal_min
test [default]bal_chi = [default]bal_new
test [default]bal_chi = [default]bal_pho
test [default]bal_chi = [default]bal_pit
test [default]bal_chi = [default]bal_san



test [default]bal_mia = [default]bal_min
test [default]bal_mia = [default]bal_new
test [default]bal_mia = [default]bal_pho
test [default]bal_mia = [default]bal_pit
test [default]bal_mia = [default]bal_san



test [default]bal_min = [default]bal_new
test [default]bal_min = [default]bal_pho
test [default]bal_min = [default]bal_pit
test [default]bal_min = [default]bal_san



test [default]bal_new = [default]bal_pho
test [default]bal_new = [default]bal_pit
test [default]bal_new = [default]bal_san



test [default]bal_pho = [default]bal_pit
test [default]bal_pho = [default]bal_san



test [default]bal_pit = [default]bal_san



*** WALD TESTS ***
*** DEFAULT ***
*** MSA-LOWNODOC ***

test [default]doc_atl = [default]doc_bal
test [default]doc_atl = [default]doc_chi
test [default]doc_atl = [default]doc_mia
test [default]doc_atl = [default]doc_min
test [default]doc_atl = [default]doc_new
test [default]doc_atl = [default]doc_pho
test [default]doc_atl = [default]doc_pit
test [default]doc_atl = [default]doc_san



test [default]doc_bal = [default]doc_chi
test [default]doc_bal = [default]doc_mia
test [default]doc_bal = [default]doc_min
test [default]doc_bal = [default]doc_new
test [default]doc_bal = [default]doc_pho
test [default]doc_bal = [default]doc_pit
test [default]doc_bal = [default]doc_san



test [default]doc_chi = [default]doc_mia
test [default]doc_chi = [default]doc_min
test [default]doc_chi = [default]doc_new
test [default]doc_chi = [default]doc_pho
test [default]doc_chi = [default]doc_pit
test [default]doc_chi = [default]doc_san



test [default]doc_mia = [default]doc_min
test [default]doc_mia = [default]doc_new
test [default]doc_mia = [default]doc_pho
test [default]doc_mia = [default]doc_pit
test [default]doc_mia = [default]doc_san



test [default]doc_min = [default]doc_new
test [default]doc_min = [default]doc_pho
test [default]doc_min = [default]doc_pit
test [default]doc_min = [default]doc_san



test [default]doc_new = [default]doc_pho
test [default]doc_new = [default]doc_pit
test [default]doc_new = [default]doc_san



test [default]doc_pho = [default]doc_pit
test [default]doc_pho = [default]doc_san



test [default]doc_pit = [default]doc_san



*** WALD TESTS ***
*** PAYOFF ***
*** MSA-PREPAY_PEN ***

test [payoff]pre_atl = [payoff]pre_bal
test [payoff]pre_atl = [payoff]pre_chi
test [payoff]pre_atl = [payoff]pre_mia
test [payoff]pre_atl = [payoff]pre_min
test [payoff]pre_atl = [payoff]pre_new
test [payoff]pre_atl = [payoff]pre_pho
test [payoff]pre_atl = [payoff]pre_pit
test [payoff]pre_atl = [payoff]pre_san



test [payoff]pre_bal = [payoff]pre_chi
test [payoff]pre_bal = [payoff]pre_mia
test [payoff]pre_bal = [payoff]pre_min
test [payoff]pre_bal = [payoff]pre_new
test [payoff]pre_bal = [payoff]pre_pho
test [payoff]pre_bal = [payoff]pre_pit
test [payoff]pre_bal = [payoff]pre_san



test [payoff]pre_chi = [payoff]pre_mia
test [payoff]pre_chi = [payoff]pre_min
test [payoff]pre_chi = [payoff]pre_new
test [payoff]pre_chi = [payoff]pre_pho
test [payoff]pre_chi = [payoff]pre_pit
test [payoff]pre_chi = [payoff]pre_san



test [payoff]pre_mia = [payoff]pre_min
test [payoff]pre_mia = [payoff]pre_new
test [payoff]pre_mia = [payoff]pre_pho
test [payoff]pre_mia = [payoff]pre_pit
test [payoff]pre_mia = [payoff]pre_san



test [payoff]pre_min = [payoff]pre_new
test [payoff]pre_min = [payoff]pre_pho
test [payoff]pre_min = [payoff]pre_pit
test [payoff]pre_min = [payoff]pre_san



test [payoff]pre_new = [payoff]pre_pho
test [payoff]pre_new = [payoff]pre_pit
test [payoff]pre_new = [payoff]pre_san



test [payoff]pre_pho = [payoff]pre_pit
test [payoff]pre_pho = [payoff]pre_san



test [payoff]pre_pit = [payoff]pre_san



*** WALD TESTS ***
*** PAYOFF ***
*** MSA-PREPAY_PEN_END ***

test [payoff]pre_end_atl = [payoff]pre_end_bal
test [payoff]pre_end_atl = [payoff]pre_end_chi
test [payoff]pre_end_atl = [payoff]pre_end_mia
test [payoff]pre_end_atl = [payoff]pre_end_min
test [payoff]pre_end_atl = [payoff]pre_end_new
test [payoff]pre_end_atl = [payoff]pre_end_pho
test [payoff]pre_end_atl = [payoff]pre_end_pit
test [payoff]pre_end_atl = [payoff]pre_end_san



test [payoff]pre_end_bal = [payoff]pre_end_chi
test [payoff]pre_end_bal = [payoff]pre_end_mia
test [payoff]pre_end_bal = [payoff]pre_end_min
test [payoff]pre_end_bal = [payoff]pre_end_new
test [payoff]pre_end_bal = [payoff]pre_end_pho
test [payoff]pre_end_bal = [payoff]pre_end_pit
test [payoff]pre_end_bal = [payoff]pre_end_san



test [payoff]pre_end_chi = [payoff]pre_end_mia
test [payoff]pre_end_chi = [payoff]pre_end_min
test [payoff]pre_end_chi = [payoff]pre_end_new
test [payoff]pre_end_chi = [payoff]pre_end_pho
test [payoff]pre_end_chi = [payoff]pre_end_pit
test [payoff]pre_end_chi = [payoff]pre_end_san



test [payoff]pre_end_mia = [payoff]pre_end_min
test [payoff]pre_end_mia = [payoff]pre_end_new
test [payoff]pre_end_mia = [payoff]pre_end_pho
test [payoff]pre_end_mia = [payoff]pre_end_pit
test [payoff]pre_end_mia = [payoff]pre_end_san



test [payoff]pre_end_min = [payoff]pre_end_new
test [payoff]pre_end_min = [payoff]pre_end_pho
test [payoff]pre_end_min = [payoff]pre_end_pit
test [payoff]pre_end_min = [payoff]pre_end_san



test [payoff]pre_end_new = [payoff]pre_end_pho
test [payoff]pre_end_new = [payoff]pre_end_pit
test [payoff]pre_end_new = [payoff]pre_end_san



test [payoff]pre_end_pho = [payoff]pre_end_pit
test [payoff]pre_end_pho = [payoff]pre_end_san



test [payoff]pre_end_pit = [payoff]pre_end_san



*** WALD TESTS ***
*** PAYOFF ***
*** MSA-BALLOON ***

test [payoff]bal_atl = [payoff]bal_bal
test [payoff]bal_atl = [payoff]bal_chi
test [payoff]bal_atl = [payoff]bal_mia
test [payoff]bal_atl = [payoff]bal_min
test [payoff]bal_atl = [payoff]bal_new
test [payoff]bal_atl = [payoff]bal_pho
test [payoff]bal_atl = [payoff]bal_pit
test [payoff]bal_atl = [payoff]bal_san



test [payoff]bal_bal = [payoff]bal_chi
test [payoff]bal_bal = [payoff]bal_mia
test [payoff]bal_bal = [payoff]bal_min
test [payoff]bal_bal = [payoff]bal_new
test [payoff]bal_bal = [payoff]bal_pho
test [payoff]bal_bal = [payoff]bal_pit
test [payoff]bal_bal = [payoff]bal_san



test [payoff]bal_chi = [payoff]bal_mia
test [payoff]bal_chi = [payoff]bal_min
test [payoff]bal_chi = [payoff]bal_new
test [payoff]bal_chi = [payoff]bal_pho
test [payoff]bal_chi = [payoff]bal_pit
test [payoff]bal_chi = [payoff]bal_san



test [payoff]bal_mia = [payoff]bal_min
test [payoff]bal_mia = [payoff]bal_new
test [payoff]bal_mia = [payoff]bal_pho
test [payoff]bal_mia = [payoff]bal_pit
test [payoff]bal_mia = [payoff]bal_san



test [payoff]bal_min = [payoff]bal_new
test [payoff]bal_min = [payoff]bal_pho
test [payoff]bal_min = [payoff]bal_pit
test [payoff]bal_min = [payoff]bal_san



test [payoff]bal_new = [payoff]bal_pho
test [payoff]bal_new = [payoff]bal_pit
test [payoff]bal_new = [payoff]bal_san



test [payoff]bal_pho = [payoff]bal_pit
test [payoff]bal_pho = [payoff]bal_san



test [payoff]bal_pit = [payoff]bal_san



*** WALD TESTS ***
*** PAYOFF ***
*** MSA-LOWNODOC ***

test [payoff]doc_atl = [payoff]doc_bal
test [payoff]doc_atl = [payoff]doc_chi
test [payoff]doc_atl = [payoff]doc_mia
test [payoff]doc_atl = [payoff]doc_min
test [payoff]doc_atl = [payoff]doc_new
test [payoff]doc_atl = [payoff]doc_pho
test [payoff]doc_atl = [payoff]doc_pit
test [payoff]doc_atl = [payoff]doc_san



test [payoff]doc_bal = [payoff]doc_chi
test [payoff]doc_bal = [payoff]doc_mia
test [payoff]doc_bal = [payoff]doc_min
test [payoff]doc_bal = [payoff]doc_new
test [payoff]doc_bal = [payoff]doc_pho
test [payoff]doc_bal = [payoff]doc_pit
test [payoff]doc_bal = [payoff]doc_san



test [payoff]doc_chi = [payoff]doc_mia
test [payoff]doc_chi = [payoff]doc_min
test [payoff]doc_chi = [payoff]doc_new
test [payoff]doc_chi = [payoff]doc_pho
test [payoff]doc_chi = [payoff]doc_pit
test [payoff]doc_chi = [payoff]doc_san



test [payoff]doc_mia = [payoff]doc_min
test [payoff]doc_mia = [payoff]doc_new
test [payoff]doc_mia = [payoff]doc_pho
test [payoff]doc_mia = [payoff]doc_pit
test [payoff]doc_mia = [payoff]doc_san



test [payoff]doc_min = [payoff]doc_new
test [payoff]doc_min = [payoff]doc_pho
test [payoff]doc_min = [payoff]doc_pit
test [payoff]doc_min = [payoff]doc_san



test [payoff]doc_new = [payoff]doc_pho
test [payoff]doc_new = [payoff]doc_pit
test [payoff]doc_new = [payoff]doc_san



test [payoff]doc_pho = [payoff]doc_pit
test [payoff]doc_pho = [payoff]doc_san



test [payoff]doc_pit = [payoff]doc_san



